Global Manufacturing and Supply Chain Dynamics: The Impact of US-China Trade Realignment
- Artisan
- Aug 7, 2023
- 3 min read
In the backdrop of an evolving international landscape, 2023 presents a pivotal moment in global supply chain dynamics. As the United States and China navigate through tensions and attempt to prevent further escalation, a marked change is discernible – many American companies have expedited efforts to decrease reliance on China's supply chains. The United States' imports from China plunged by 24% within the initial five months of this year, with Mexico emerging as its largest trading partner, replacing China.
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